Ministry Development Network
- Assets
- $187.6k
- Revenue
- $529.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Westchester, IL
- Founding
- 06/1970
- Data as of
- 12/2021
- EIN
- 31-0781982
Organization Overview
Ministry Development Network is located in Westchester, IL. The organization was established in 1970. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Ministry Development Network employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ministry Development Network is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ministry Development Network generated $529.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $412.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MINISTRY DEVELOPMENT NETWORK IS A CHURCH CONTROLLED AGENCY ORGANIZED TO PROVIDE CAREER COUNSELING AND PSYCHOLOGICAL ASSESSMENTS FOR ORDAINED CLERGY, CANDIDATES FOR THE MINISTRY AND MEMBERS OF RELIGIOUS ORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY EXEMPT PURPOSE IS VOCATIONAL COUNSELING FOR CLERGY AND CANDIDATES FOR ORDINATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Daniel Busch Vice Chair | OfficerTrustee | 1 | $0 |
Rev Cheryl Burke Treasurer | Officer | 1 | $0 |
Dr Margo M R Stone Executive Director | Officer | 32 | $0 |
Rev Douglas Pretorius Chair | Officer | 1 | $0 |
Rev Dr Debra Auger Secretary | Officer | 1 | $0 |
Rev Terry Kukuk Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $96,039 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,674 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,713 |
| Total Program Service Revenue | $431,485 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $529,220 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,092 |
| Compensation of current officers, directors, key employees. | $38,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,865 |
| Pension plan accruals and contributions | $17,125 |
| Other employee benefits | $0 |
| Payroll taxes | $9,894 |
| Fees for services: Management | $13,125 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,234 |
| Advertising and promotion | $320 |
| Office expenses | $16,185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,072 |
| Travel | $987 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257 |
| Insurance | $5,687 |
| All other expenses | $0 |
| Total functional expenses | $412,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,124 |
| Savings and temporary cash investments | $117,757 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,360 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,632 |
| Total assets | $187,575 |
| Accounts payable and accrued expenses | $5,514 |
| Grants payable | $0 |
| Deferred revenue | $4,853 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,367 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $177,208 |
| Total liabilities and net assets/fund balances | $187,575 |
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|---|---|---|
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